Shared by
tombro
Setup: Flag
Where are EMA's:Price is @ 9ema
EMA's-Direction&details:9 & 20 very wide from each other and 9 is starting to turn over?
Time Frame Alignment?:New highs on daily
Volume:
Market action-Spy-Sectors-stock:JAZZ had moved up above 11/5 high, was flagging, and when i entered, had hit the 9ema, traded higher than previous bar and seemed to be rejecting the 180 area.
Maybe shoulda been more cognizant of flag not breaking after my entry on what seemed like strength, then the next bar totally retracing that strength to close near the low of that moveDid the 1st thrust take the juice outa this trade?
Stop: 179.98
Target: 181.89
R/R: a little over 1:1…so not great. Shoulda tried to get nearer to 9ema like at 180.42
Are Stop/Target proper?: Since the R/R is off so is stop and target
Actually glad to see a little slippage on my stop in SIM
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-04 10:19:49 | JAZZ | buy | $180.720 | long |
| 2014-12-04 10:25:54 | JAZZ | sell | $179.860 | 0 |
Comments
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if ur looking at that 30minute chart probably a bit extended too be chasing a mini flag..
better to get in on intraday flushes to lower ur risk.